Precious Metals Correlations

RYMPX Fund

USD 123.81 1.21 0.99%

The current 90-days correlation between Precious Metals and Pioneer Multi Asset Ultrashort is 0.12 (i.e., Average diversification). The correlation of Precious Metals is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Precious Metals Correlation With Market

Modest diversification

The correlation between Precious Metals Fund and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precious Metals Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precious Metals Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Precious Mutual Fund

0.85	RYAEX	Europe 125x Strategy	Pair Corr
0.65	RYAUX	Utilities Fund Class	Pair Corr
0.85	RYCEX	Europe 125x Strategy	Pair Corr

Moving against Precious Mutual Fund

0.42	RYAZX	Sp Smallcap 600	Pair Corr
0.46	RYCNX	Transportation Fund Class	Pair Corr

Related Correlations Analysis

	MAUKX	JAGJX	BXDCX	PRWBX	BDMKX	TASTX	FUEMX	CDICX
MAUKX		0.97	0.95	0.96	0.95	0.95	0.97	0.91	MAUKX
JAGJX	0.97		0.93	0.94	0.97	0.93	0.94	0.91	JAGJX
BXDCX	0.95	0.93		0.98	0.92	1.0	0.95	0.97	BXDCX
PRWBX	0.96	0.94	0.98		0.93	0.99	0.97	0.96	PRWBX
BDMKX	0.95	0.97	0.92	0.93		0.92	0.95	0.92	BDMKX
TASTX	0.95	0.93	1.0	0.99	0.92		0.96	0.97	TASTX
FUEMX	0.97	0.94	0.95	0.97	0.95	0.96		0.93	FUEMX
CDICX	0.91	0.91	0.97	0.96	0.92	0.97	0.93		CDICX
	MAUKX	JAGJX	BXDCX	PRWBX	BDMKX	TASTX	FUEMX	CDICX

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Risk-Adjusted Indicators

There is a big difference between Precious Mutual Fund performing well and Precious Metals Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Precious Metals' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MAUKX	0.04	0.01	0.00	(0.63)	0.00	0.10	0.00	0.63
JAGJX	0.03	0.01	0.00	2.54	0.00	0.09	0.00	0.17
BXDCX	0.08	0.01	1.24	(0.30)	(0.15)	0.22	(0.11)	0.54
PRWBX	0.09	0.00	0.66	(0.26)	(0.25)	0.22	(0.22)	0.66
BDMKX	0.07	0.02	1.22	8.04	(0.12)	0.11	(0.11)	0.44
TASTX	0.08	0.01	1.20	(0.40)	(0.17)	0.21	(0.10)	0.62
FUEMX	0.04	0.00	0.00	(0.47)	0.00	0.10	(0.10)	0.40
CDICX	0.08	0.01	1.29	0.33	(0.12)	0.26	(0.13)	0.58

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